Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

For this Discussion Board assignment, we have all agreed to have a virtual Thanksgiving dinner and split the cost. Everyone has to select and bring

image text in transcribed
For this Discussion Board assignment, we have all agreed to have a virtual Thanksgiving dinner and split the cost. Everyone has to select and bring their favorite recipe to the potluck. We all agreed to split the cost equally and we'll say that there are 20 of us going to attend. That means that we may need to make several batches of certain recipes to serve 20. Here's what you need to do: 1.) Provide the detailed recipe that you are going to make. 2.) Price out and show the calculations for the cost of the ingredients required to make the recipe. 3.) Provide the calculations you used to determine the direct labor cost required to make it (this includes the time it takes to go to the store to buy the ingredients, the time it takes to prep and prepare it, and any time required for it to bake or set up in the refrigerator) and the time it takes to clean up. Assume labor costs are $15 per hour. 4.) Don't forget the overhead costs which include gasoline in the car, electric used to bake or cool your dish, detergent to wash the dishes, and others. Assume that the pre-determined overhead rate is $2.50 per direct labor hour. Show how you calculated this as well. 5.) Compute and show your calculations for the total cost of to make the dish and then also the per person cost

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Evaluating The Effectiveness On Internal Audit Departments

Authors: W. Steve Albrecht, Keith R. Howe, Dennis R. Schueler, Kevin D. Stocks

1st Edition

ISBN: 089413177X, 978-0894131776

More Books

Students also viewed these Accounting questions

Question

=+a. What is the mean value of the sample proportion p, and

Answered: 1 week ago

Question

high achievers must do what to keep their teams running smoothly

Answered: 1 week ago

Question

Describe the nature of negative messages.

Answered: 1 week ago